Slovakia GDP Annual Growth Rate

The Slovak economy expanded 3.7 percent year-on-year in the first quarter of 2019, following a 3.6 percent growth in the previous three-month period and beating market expectations of 3.6 percent, the preliminary estimate showed. On a seasonally adjusted quarterly basis, the GDP rose 0.9 percent, after a 0.8 percent advance in the previous period. GDP Annual Growth Rate in Slovakia averaged 3.97 percent from 1996 until 2019, reaching an all time high of 13.50 percent in the fourth quarter of 2007 and a record low of -6 percent in the second quarter of 2009.

GDP Annual Growth Rate in Slovakia is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Slovakia to stand at 3.40 in 12 months time. In the long-term, the Slovakia GDP Annual Growth Rate is projected to trend around 3.30 percent in 2020, according to our econometric models.

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Slovakia GDP Annual Growth Rate

In Slovakia, the most important industries are engineering, chemical, electrotechnical engineering, wood-processing and food industry. On the expenditure side, household consumption is the main component of GDP and accounts for 57 percent of its total use, followed by gross fixed capital formation (21 percent) and government expenditure (19 percent). Exports of goods and services account for 92 percent of GDP while imports account for 88 percent, adding 4 percent of total GDP. This page provides - Slovakia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Slovakia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.